Real estate developer OKAM has purchased 62 ha of post-industrial land in Żerań in Warsaw for an undisclosed amount. This is one of the largest transactions of this type on the real estate market, not only in the capital, but also throughout Poland.
"When we bought a site that was once used for car production, we made one of the largest acquisitions of this type on the market in just one transaction. Undoubtedly, the scale of the investment will be huge and the preparation itself will take several years, and the multi-stage implementation will cover a dozen or so of the next. This is another challenge that we will face at OKAM. In the near term, we plan to take steps to make this place more attractive for current and future tenants and to provide them with the possibility of continuing their activities. It is very important for us to leave the character of this extraordinary place so important in the history of the Polish automotive industry, therefore the investment will be carried out by us respecting the past and will be preceded by consultations with interested parties", points out Arie Koren, CEO of OKAM.
OKAM has extensive experience in the revitalization of post-industrial areas. Among them is the BOHEMA - Strefa Praga, carried out in the Praga-Północ district of Warsaw, in the area of, among others, the former Pollena-Beauty factory. The company also plan to implement a project on the plots of the former Danone factory. In turn, in Łódź, OKAM have completed the ŁÓDŹ.WORK investment (the site of the former Teodor Meyerhoff factory), as well as Strefa Piotrkowska 217, where the Józef John iron foundry was once located.
The OKAM investment in Żerań will be among the largest investments of this type in Warsaw, next to, for example, Miasteczko Wilanów, where, however, contrary to the OKAM investment, projects were implemented by several or a dozen developers. space and create a place where current tenants with whom OKAM wants to continue long-term cooperation, and future customers will be able to feel safe and fully benefit from the potential of this place, especially in such an excellent location. Today, the area has direct access to the S8 route, full public transport (trams, buses, railway line) as well as bicycle paths. In the future, an underground station is also planned to be built in close proximity.
OKAM Capital operates on the market of development companies specializing in residential and commercial construction.
